Fraud Investigator

Kotak Mahindra Bank · India

Team Member: Fraud Investigation Oversight – Fraud Risk Management (M5/M6)

Job Summary

The job involves providing independent oversight and review of fraud investigations conducted by First Line of Defense teams of the Bank.

The role will ensure effective fraud risk governance with regards to Investigations, adherence to regulatory requirements, quality assessment of investigation outcomes and identification of emerging fraud risks and share relevant inputs/feedback to the First line of defense. The position requires strong analytical capabilities, an understanding of fraud risk management practices, and the ability to independently challenge investigation findings where necessary.

Key Responsibilities

Fraud Investigation Oversight

• Perform independent review and oversight of fraud investigations conducted across the Bank.
• Assess adequacy and completeness of investigation reports, supporting evidence and conclusions.
• Review investigations pertaining to significant fraud incidents and large-value fraud cases.
• Challenge investigation findings where appropriate and ensure consistency in fraud classification and reporting.
• Track closure of observations and remediation measures arising from investigation reviews.

Governance and Framework Development

• Support enhancement of the fraud investigation oversight framework, standards and review methodology.
• Ensure alignment of fraud oversight activities with regulatory requirements and internal policies.
• Assist in strengthening governance mechanisms around fraud management and investigation processes.

Monitoring and Reporting

• Prepare management information, dashboards and reports on fraud investigations, trends and control deficiencies.
• Present key observations and thematic findings to senior management forums including FRMC and other governance committees.
• Monitor emerging fraud patterns and recommend preventive actions.

Control Effectiveness Reviews

• Assess effectiveness of controls identified during investigations.
• Evaluate root cause analyses and adequacy of corrective and preventive actions.
• Recommend improvements in fraud prevention, detection and monitoring controls.

Stakeholder Management

• Interact with Business, Operations, Vigilance, Compliance, Legal, Internal Audit and Risk teams.
• Provide independent perspectives on fraud-related matters and support risk-based decision making.
• Ensure timely escalation of significant fraud risk concerns and unresolved issues.

Qualifications and Skills

Education

• Bachelor's degree in Finance, Commerce, Accounting, Business Administration, Risk Management, Law or a related discipline.
• Professional certifications such as Certified Fraud Examiner (CFE), Certified Internal Auditor (CIA), Chartered Accountant (CA), FRM or similar qualifications will be preferred

Experience

7 – 12 years of relevant experience with significant exposure to fraud investigations, fraud governance, oversight, risk management or audit functions

• Knowledge of RBI fraud management guidelines and banking regulations preferred.
• Experience in Investigations, fraud review, governance, oversight or control assessment roles will be advantageous.
• Exposure to large-value fraud investigations and committee reporting is desirable.

Skills

• Strong analytical and investigative review capabilities.
• Ability to independently challenge and assess investigation outcomes.
• Excellent reporting and presentation skills.
• Strong stakeholder management and communication abilities.
• Proficiency in MS Excel, PowerPoint and data analysis techniques.
• Understanding of fraud risk management frameworks and governance practices